Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Trading Up 0.8% – Should You Buy?

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS)’s share price traded up 0.8% on Monday . The company traded as high as $52.61 and last traded at $52.58. 13,314 shares were traded during mid-day trading, a decline of 11% from the average session volume of 14,963 shares. The stock had previously closed at $52.18.

Invesco Russell 2000 Dynamic Multifactor ETF Price Performance

The company has a market capitalization of $311.27 million, a price-to-earnings ratio of 20.13 and a beta of 1.07. The firm’s 50-day simple moving average is $50.32 and its two-hundred day simple moving average is $47.74.

Institutional Investors Weigh In On Invesco Russell 2000 Dynamic Multifactor ETF

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in Invesco Russell 2000 Dynamic Multifactor ETF by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,099,003 shares of the company’s stock worth $48,873,000 after buying an additional 19,565 shares in the last quarter. LPL Financial LLC increased its stake in Invesco Russell 2000 Dynamic Multifactor ETF by 57.0% during the fourth quarter. LPL Financial LLC now owns 787,710 shares of the company’s stock worth $35,029,000 after acquiring an additional 286,014 shares during the last quarter. First Command Advisory Services Inc. raised its holdings in Invesco Russell 2000 Dynamic Multifactor ETF by 2.0% in the fourth quarter. First Command Advisory Services Inc. now owns 478,524 shares of the company’s stock valued at $21,280,000 after buying an additional 9,223 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 5.8% in the 4th quarter. Hantz Financial Services Inc. now owns 416,605 shares of the company’s stock valued at $18,526,000 after acquiring an additional 22,861 shares during the period. Finally, Raymond James Financial Inc. raised its position in Invesco Russell 2000 Dynamic Multifactor ETF by 6.2% in the third quarter. Raymond James Financial Inc. now owns 182,512 shares of the company’s stock valued at $8,028,000 after purchasing an additional 10,726 shares during the period.

About Invesco Russell 2000 Dynamic Multifactor ETF

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.